United Way of South Central Massachusetts Inc

Analysis

United Way of South Central Massachusetts Inc is a registered charity in United States, based in Southbridge, MA. It received its IRS tax-exemption ruling in September 1950, 76 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, United Way of South Central Massachusetts Inc reported income of $1.0m and spending of $908k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $338k to $1.0m (+204%), an average of +32% a year. The sharpest change came in the year to September 2023, when income rose by 106%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of South Central Massachusetts Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Law Enforcement United Inc ($1.0m), San Diego Womens Foundation ($1.0m) and Derech Hachaim Fund Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $49k (5.4% of expenses). Other salaries and wages came to $30k. At year end it held assets of $1.1m against liabilities of $56k, net assets of $1.0m. It reported 2 employees.